Mortgages

Average incomes for mortgage intermediaries are likely to fall by around 30% in 2008, according to the Association of Mortgage Intermediaries (AMI).

Net mortgage lending has fallen to just a fraction of what it was 12 months ago, new figures from the Bank of England (BoE) show.

House sales in June this year were 56% below the corresponding month in 2007, statistics from the Land Registry reveal.

The average first time buyer will take up to 15 years to save for a deposit to buy a home, according to the Fair Investment Company (FIC).

More than two thirds of brokers have been unable to source a mortgage for a client over the past two months.

Woolwich has today upped the rates on its entire fixed mortgage range in response to "substantial" increases in the cost of funding.

Bradford & Bingley (B&B) has announced it will cut 370 jobs to streamline its operations in response to the mortgage downturn.

Abbey has announced it will withdraw some mortgage rates from 10pm tonight and will not be replacing them.

The FSA has fined a mortgage lender for the first time for exposing its borrowers to financial loss.

Sesame's latest round of regional mortgage seminars will focus on diversifying into new product areas.